Earnings are likely to dominate trading today. After the close of Tuesday's trading, Yahoo and SanDisk reported profits that were well ahead of analyst expectations. The stocks gained in after-hours trading.

The Dow fell 50.71 points, or 0.5%, to 10,041.48. The broader Standard & Poor's 500 index fell 6.85 points, or 0.6%, to 1,091.06. The Nasdaq composite index fell 12.85 points, or 0.6%, to 2,163.47. The Russell 2,000 index of smaller companies lost 1.4%. Two stocks fell for every one that rose on the New York Stock Exchange.

Treasury yields fell after the Labor Department said wholesale prices fell more than expected in September. The 10-year T-note fell to 3.33% from 3.39% late Monday.

The dollar and gold rose. Oil futures lost ground for the first time in a week, falling 52 cents to settle at $79.09 a barrel on the New York Mercantile Exchange after climbing to $80.05 during the day, its highest level in a year.